March 14 (Reuters) - Daiko Denshi Tsushin Ltd <8023.T>:Says it appoints Koichiro Matsuyama as CEO while continue to stay as president, effective June 22.
Daiko Denshi Tsushin Ltd <8023.T>: Says it will sell real estate in late March .Says it expects extraordinary profit of 162 million yen and extraordinary loss of 168 million yen for FY 2017 due to the transfer.
Daiko Denshi Tsushin Ltd:Says the company lowered the consolidated full-year outlook for revenue to 30,700 million yen from 33,100 million yen for the fiscal year ended March 2016.Sees a decrease of operating profit forecast to 440 million yen from 620 million yen.Sees a decrease of ordinary profit forecast to 436 million yen from 610 million yen.Sees a decrease of net profit forecast to 379 million yen from 470 million yen.Sees a decrease of earnings per share to 30.63 yen from 37.87 yen.Comments that decreased sales of information communication machine and solution service business is the main reason for the forecast.
Daiko Denshi Tsushin Ltd:Appoints Takahide Tsudama who is current President and CEO (Chief Executive Officer), as new chairman of the board and CEO of the co.Effective on June 24.
Daiko Denshi Tsushin Ltd:Says the company lowered the consolidated mid-year outlook for revenue to 14,306 million yen from 14,950 million yen for FY ending March 2016.Operating profit forecast increased to 29 million yen from -115 million yen.Ordinary profit forecast increased to 30 million yen from -120 million yen.Net profit forecast increased to -14 million yen from -145 million yen.Earnings per share increased to -1.18 yen from -11.68 yen.Comments the sales decrease in information communications equipment division and costs reduction are the main reasons for the forecast.
Daiko Denshi Tsushin Ltd:Issued the 1st series unsecured convertible bond-type bonds with subscription rights to shares worth 200 mln yen in total to a investment partnership, with issue price of 10 mln yen per bond, and conversion price of 153 yen, on June 15.
Daiko Denshi Tsushin Ltd:Forms business and capital alliance with a Kyoto-based investment partnership, on May 29.The investment partnership to provide consulting service and proposal for the company's structure, sales and operation process and revenue management method for business renovation through business alliance, from June 15.To issue corporate bonds with warrants worth 200 mln yen in total to the investment partnership, with issue price of 10 mln yen per bond, coupon rate 0 pct and conversion price of 153 yen, on June 15.
Daiko Denshi Tsushin Ltd:Says the company lowered the consolidated full-year outlook for the FY ended March 2015.Revenue forecast decreased to 32,713 million yen from 35,500 million yen.Operating profit forecast decreased to 19 million yen from 160 million yen.Ordinary profit forecast decreased to a loss of 21 million yen from 130 million yen.Net profit forecast decreased to a loss of 977 million yen from a loss of 680 million yen.Earnings per share decreased to a loss of 78.77 yen from a loss of 54.78 yen.Comments that low sales and increased cost of subsidiary, decreased gross profit and extraordinary loss of 194 mln yen for early retirement are the main reasons for the forecast.
Daiko Denshi Tsushin Ltd:Says 50 employees took up the offer of the early-retirement program announced on Jan. 30.Effective date of retirement is March 31.A premium will be added to the normal retirement allowance of eligible applicants.Says eligible applicants will also have the option to receive job-placement assistance.Expects to record about 195 million yen expenses on early retirement as extraordinary loss for the fiscal year ending March 2015.
Daiko Denshi Tsushin Ltd:To offer an early-retirement program to employees, who are from 49 to 59 years old.Offering period from Feb. 23 to March 6.The company expects 50 employees to take the offer.Says the employees who take up the offer will retire on March 31.The company will provide retirement payment and outplacement support to the retiring employees.